Young v Hughes Trueman Pty Ltd [2017] FCA 470

BANKRUPTCY – application under s 33(1)(c) of the Bankruptcy Act 1966 (Cth) to extend time specified in s 60(3) of the Bankruptcy Act 1966 (Cth) for trustee to elect to prosecute or discontinue litigation – where trustee neither objects to nor supports extension – where no satisfactory explanation for trustee’s delay in making an election within original 28 day period – where current litigation has no reasonable prospects of success – whether prejudice would be caused by granting or refusing an extension – application dismissed